Currency in Slovakia EUR - Things to know
Foreign exchange guide to Slovakia and the Euro
What's in this Slovakia currency guide?
What currency is used in Slovakia?
The official currency of Slovakia (country code: SK) is the Euro, with symbol € and currency code EUR.
Things to know about the Euro
The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.
The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.
Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.
Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.
There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.
The euro banknotes and coins
The Euro is issued in banknotes of €5, €10, €20, €50, €100, €200, and €500, and in coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.
The banknotes feature images of historical and cultural figures from across the European Union, while the coins depict each member country's unique design. The design of the Euro banknotes and coins is intended to be easily identifiable and difficult to counterfeit.
Travel money for Slovakia
Save money and time by Ordering your Euro online from Travelex, you get better rates and can pick up the EUR cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Euro otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Slovakia
Right in the heart of Europe, Slovakia is a land of castles and mountains, occasionally punctuated by industrial sprawl. More than a quarter-century after Czechoslovakia's break-up, Slovakia has emerged as a self-assured, independent nation. Capital city Bratislava draws visitors to its resplendent old town and tankard-clanking drinking culture. But Slovakia shines brightest for lovers of the outdoors. Walking trails in the High Tatras wend through landscapes of unearthly beauty, with mirror-still glacier lakes backed by 2000m peaks. Near the Austrian border, capital city Bratislava features a pedestrian-only Old Town with a lively cafe scene. Rising on a hill above the Danube River, Bratislava Castle houses a branch of the Slovak National Museum, with displays ranging from Roman artifacts to 20th-century arts and crafts.
What currency is used in Slovakia?
Slovakia’s currency is the Euro. The euro is the second most traded currency in the world, behind the US dollar, so it’s very likely that your bank will have euros on hand. However, there’s no guarantee that your home bank will offer the most competitive exchange rate.
In Slovakia, Visa, MasterCard and Maestro are extremely common and thus widely accepted. American Express isn't accepted everywhere. Though cards are commonly used, it’s always a good idea to carry a small amount of cash in case you happen upon a shop or restaurant that doesn’t accept plastic.
Travel tips for Slovakia.
Slovakia's less-visited east is speckled with quaint churches. Within its national parks are landscapes battle-scarred by the clash of river and stone. Beyond eastern metropolis Košice, a boutique charmer of a city, the Tokaj wine region unfurls across thinly populated countryside. Despite a storied history and varied topography, Slovakia is small. For visitors, that can mean fortresses, hiking and beer-sloshing merriment – all in the space of a long weekend.
EUR/USD Market Data
The below interactive chart displays the EUR/USD trend and UP▲ DOWN▼ HIGH▲ LOW▼ alerts
Frequently Asked Questions
What currency should I use in Slovakia?
The domestic currency in Slovakia is the Euro.
What is the Euro currency code and symbol?
The three letter currency code for the Euro is EUR — symbol is €.
Which countries use the Euro?
It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, French Guinea, French Southern Territories, Germany, Greece, Guadeloupe, Vatican City, Ireland, Italy, Luxembourg, Malta, Martinique, Mayotte, Monaco, Montenegro, Netherlands, Portugal, Reunion, Saint Barthelemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia and Spain.
Is the Euro a closed currency?
No, the Euro is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and EUR?
Converted at USD/EUR interbank rate, compare Send Money and Currency Exchange exchange rates.
Send Money to Slovakia - Best Rates
To get a good (and fair) exchange rate when sending money to Slovakia you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Slovakia
When sending money to Slovakia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Slovakia.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Euro deposited into the recipient bank account and less margins and fees kept by the banks!
